FX.co ★ NZDUSD M30: Triple Bottom

The Triple Bottom pattern has formed on the chart of NZDUSD M30. The lower boundary is at 0.5863, while the upper boundary is at 0.5887/0.5871. The projected width is 22 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 0.5887 is broken, the price is likely to continue upward.